Naphthalene Derivatives Market size worth US$2,466.707 million by 2029
The naphthalene derivatives market is expected to grow at a CAGR of 3.73% during the forecasted period, with a market valuation of US$2,054.023 million in 2024, and is expected to reach US$2,466.707 million by 2029.
The primary sources of naphthalene derivatives are petroleum and coal tar, which are processed using carbonization or destructive distillation. Originally, the compounds were obtained by using coal as the raw material. However, when technology changed and coal became rarer, petroleum was utilized as the primary material for producing naphthalene derivatives through alkylation. Phthalic anhydride is one of the naphthalene derivatives which have been employed in textile production, building industry and other areas. Naphthalenes can find many industrial applications because of their different chemical and physical properties.
The demand for these derivatives is primarily driven by their increasing use in industrial applications. Due to their lightness and absence of fragrance, they are extremely beneficial in construction, textile and agrochemical industries. The increasing production capacity of the naphthalene derivatives is mainly influenced by some major driving forces namely the expansion of textile and building sectors, as well as their extensive use in various industrial fields such as chemicals, pharmaceuticals and paint among others.
Although there are many uses for naphthalene derivatives, they are primarily employed as chemical intermediates in the construction, rubber, agrochemical, textile, pharmaceutical, and photographic industries. The textile industry uses derivatives of naphthalene for the dyeing process. Naphthalene derivatives are helpful substances in the agricultural industry due to their insecticidal qualities. They also serve as plasticizers or dispensers in the production of high-quality plasterboards and concrete
Additionally, increased research & development and expansion by firms are also leading to market growth, for instance, with production facilities spread across East, South, and North China, Baowu Carbon Material Technology Co., Ltd., a subsidiary of Baowu Steel Group, is dedicated to advancing the developing coal-based materials industry. There are 340 kilotons of carbon black, 350 kilotons of modified coal tar pitch, 100 kilotons of the ultra-high-power electrode (which is currently being built) that can be produced annually from 1,650 kilotons of coke tar and 350 kilotons of crude benzene that can be processed.
The naphthalene derivatives market, by form, is divided into two types- Liquid and powder. The majority of naphthalene derivatives on the market are in powdered form. Powdered naphthalene derivatives are simpler to package, arrange, and ship than their liquid counterparts. This is a major driver of the global market’s demand for powdered naphthalene derivatives.
The naphthalene derivatives market, by source, is divided into three types- Coal-tar, petroleum-based, and others. This source’s established supply chains and affordability have allowed it to maintain a substantial market share. Particularly in areas with developed steel industries, naphthalene derived from coal tar is widely used in conventional applications like the manufacture of phthalic anhydride and concrete admixtures.
Further, naphthalene derived from petroleum is, nevertheless, becoming more popular, particularly in markets where high purity standards are important. Higher purity levels can be obtained during the refining processes used to produce naphthalene from petroleum sources, which makes it appropriate for specific uses in advanced chemical manufacturing, electronics, and pharmaceuticals. The growing need for premium naphthalene derivatives and improvements in refining technologies are driving this market’s expansion.
The naphthalene derivatives market, by product, is divided into six types- Sulphonated Naphthalene Formaldehyde (SNF), Phthalic anhydride, naphthalene sulphonic acid, naphthols, alkyl naphthalene sulphonate salts, and others. Since phthalic anhydride is so widely used in the production of plasticizers, dyes, and resins, refined naphthalene commands a significant share of the market. Because of its high purity and reliable quality, it is the best choice for applications with strict requirements. Even though it is a smaller market, alkyl naphthalene is becoming more and more well-known because of its improved qualities, which include higher solubility and stability. These qualities make it useful in specialized applications like surfactants, lubricants, and sophisticated chemical formulations. As industries look for specialized compounds for high-performance products, the market share of this form is increasing.
The naphthalene derivatives market, by end-user, is divided into even types- Paints and coatings, construction, textile, pulp and paper, oil and gas, pharmaceutical, and others. Naphthalene derivatives are becoming more and more used in the construction industry, which offers important market trends and opportunities. These materials, which are frequently derived from coal tar or petroleum, are dispersants and superplasticizers in concrete admixtures. One important trend driving their use is the growing demand for high-performance concrete with better workability, strength, and durability qualities. Naphthalene-based additives exhibit superior slump retention and water reduction properties, rendering them ideal for challenging construction projects requiring precise concrete placement and performance.
During the projected timeframe, it is anticipated that the market for naphthalene derivatives will experience remarkable growth within Asia Pacific owing to its growing economy and booming building and textile industries plus accommodating a burgeoning population. Increased consumption of naphthalene derivatives in manufacturing plants is being driven by their adoption in various sectors such as those producing paints and coatings, chemicals, or pharmaceuticals among others.
The region has a highly knowledgeable integrator base of memristor components because it is home to major players in the market. The demand for naphthalene derivatives in the nation is increasing due to the growing prevalence of automation, IoT, edge computing, flexible electronics, artificial intelligence, and neuromorphic computing. Furthermore, the naphthalene derivatives market is expanding faster thanks to the expanding electronic industry. The nation has a sizable consumer base for the naphthalene derivatives market thanks to its high level of disposable income.
The research includes several key players from the naphthalene derivatives market, such as Jfe Chemical Corporation, Kao Corporation, King Industries, Inc., Manish Minerals & Chemicals, Monument Chemical Inc., PCC SE, Trisha Speciality Chemical Pvt. Ltd., Akzo Nobel NV, BASF SE, Clariant A
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The analytics report categorizes the naphthalene derivatives market using the following criteria:
Segmentation:
- By Form
- Powder
- Liquid
- By Source
- Coal-Tar
- Petroleum-based
- Others
- By Product
- Sulphonated Naphthalene Formaldehyde (SNF)
- Phthalic Anhydride
- Naphthalene Sulphonic Acid
- Naphthols
- Alkyl Naphthalene Sulphonate Salts
- Others
- By End-User
- Paints and Coatings
- Construction
- Textile
- Pulp and Paper
- Oil and Gas
- Pharmaceutical
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Taiwan
- Others
- North America
